For those insurers writing construction professionals' PI we offer a collateral warranty consultancy service.
Benefiting both insurers and their insureds, our consultancy team advises construction professionals on the insurance implications of entering into a collateral warranty.
For these professionals it's key to identify where the obligations to third parties, contained in a such a warranty, might extend beyond those covered by their PI insurance.
Effective pre-emptive advice is of value to both insurers and their insureds. For insurers it provides a value add support to insureds. The professionals have the opportunity to tap into objective insurance advice to mitigate against the serious implications of a lack of cover. Both insurers and insureds benefit from minimising the number, and particularly the cost, of coverage disputes in any claim.
The consultancy service we offer advises purely in relation to the insurance implications of a warranty. We don't evaluate a warranty's legal or commercial merit, nor do we assume a duty to the policyholder.
The terms of the consultancy service are agreed on a case by case basis to best suit the particular book of business needs of each insurer and its insureds.